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Balancing Learning Agility and Patience in Business Building
In building businesses, one needs the skill of learning agility to trial, fail, and move on quickly. This skill involves speed of execution and a willingness to experiment. However, alongside learning agility, patience and long-term conviction are also crucial. Balancing the ability to learn quickly with the patience to stay the course and adjust long-term strategies is vital for successful business building. It is important for operators to have two management systems in place: one for predictable operations and another for navigating the uncertainties of growth and innovation.